New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-08-03
BALTIMORE AND OHIO.
,upoRrANr NEGOTIATIONS BETWEEN Mr..
GARRETT AND MR.. j. s. MORGAN.
nprAr LOAN TO COVER ALL oBLIGATIoNs-THE
ROAD TO COME TO NEw-YoRK-LoRD r.
CHURCHILL MAKING THINGS AWKWARD
NAVAL MANGUvREs-M. KATKoPFs
NEUTRALITY-SUSPICIOUS. ABBEY
REoPENEp-MR AND MRS.
,nY CABLE TO THE TRIBUNE I

(opvioht: 1887: North American Cao'e Neos w.
LONDON, August 2.-1he object OF Mr.. Roper'
Garrett's visit to London, which is well known
% relate in some way to the Baltimore ana Ohlo
Railroad, proves to be very important No
further attempt, / understand, Will be MADE 10
dispose of the road. Mr.. Garrett has become
aware that the third greatest railroad property
IN the United States cannot without some detri-
ment be hawked about in open market. lne
two unsucccssful attempts to sell the road are
here thoupbt to have taken Off some OF the gut
and impajrcd to some extent the prestige ana
nosition OF the Baltimore and Ohio. 1his ne mas
been told plainly. IL therefore he had any ioea
NJ resuming in London the negotiations "inoh
failed in New-York, he has abandoned 1t.
He now proposes to make an effort to improve
the financial condition Of the property lie
.ortsmnlates nothing less than raising great
loan With the proceeds of this loan he lntends
6rst IN nav off the existing obligations for which
five or six separate portions OF the system iori,i
security; secondly, to bring the DaYumore anu
Ohio road into New-York. This in ME- "arreooe
view will reduce the burdens on the properly
increase the revenue add to the VaIue VI "io
s,ock and insure better dividends. lie hotcs
.ubstitute single loan for a long term at low
rate Of interest secured the entire road Tor al
the various existing loans at higher rates ana
inc ON negotiations to this end with Messrs. ).
6 Morgan g. Co., in fact with MIR. Morgan per-
sonally. his partner Mr.. Burns being Ill ana
unable to attend to business. Another interview
pcrbaps decisive, will take place tomorrow pe-
tween Mr. Garrett and Mr.. Morgan.
The extremely mixed state Of things in the
,1ouso of Commons is illustrated by the sharp
massage at arms between Mr.. Chamberlain and
ord Randolph Churchill. These two gentlemen
have been working together for certain purpose
for some time past. When the Government re-
modelled the Land bill on Mr. Chamberlain's lines
rather than on Lord Randolph ChurchiiIs, the
voune Tory Democrat thought himself badiy
treated lie showed his disgust at inc 'inie
and has made himself tolerabiy dlsagreeaoie 10
his former colleagues ever since. Last highe
arose discussion on the burning quesuoh vi
re,lucinp arrears due from tenants to landlords
Mr.. Fin,,y moved an amendment for this pur-
nose which other Liberal Unionist supported.
Mr. Bafour said the Government couid not
accept it, Mr.. Dillon passionately denounced
the bin as useless unless relief was granted III
,csncct of arrears Lord Randolph Churchill
thereupon wheeled round to Mr.. Dilions support
and declared that the operative success OF the
hin might probably depend this amendment
Yet when Mr. Chamberlain asked Lord Kan
so,nb Churchill how he wonld vote he answered.
aWjtb the Government" II thought otherwise,
from his speech answered Mr.. Chamberlain, who
proceeded to PROFOUND q new method of arriving
At the end proposed by Mr.. Finlay Mr. Balfour
ad "Yes on condition that landlord and other
debts were put the same footing" Inns
,ouscd Lord Randolph Churchill again. UP nc
,prarc for personal explanation. lie turned on
Mr.. Chamberlain spoke of his characteristic
snecr,r gave him one as good as he sent, and
told Mr. Chamberlain he pretended TO be In
fall;bly right. This brought a reJoinder mild
in phrase but sharp in substance, winding up
with the assurance that he was not one oil those
who spoke way and voted another. Inc
Uousc sat open mouthed Liberals and Irish
checred on these combatants. Then Lord Hart
inrton intervened He admitted that this amend
ment when proposed expressed his views. But
he had no idea of forcing the Government to
accept what they thought went too far, and he
unmarried the compromise. The Liberal-Unionlsts
were in fact divided. Gadstonians think the
Cnionjst alliance with the Tories might have been
seriously shaken had this question been raised
earlier.
War is declared said this mornings papers,
but the news produced only slight sensation.
An English Admiral has declared it, and an
English fleet is now supposed to be attacking
the English coast The public cares little about
these mannuvres, but / hear they are considered
IN naval circles TO be important, as likely TO
solve some naval problems and do something 10
settle the disputed question between ironclads
and torpclocs.
Most Of the leading English papers discuss
H. KatkoNs death in tone crcditable to them,
considering that NJ. Katkon was desperate
entmy to England. They moreover that NJ
10 blow
for the Car and for the system of which the
Gar is the impersonation Mere journalist as he
was in a country where the censorship controls
the press, his authority was second only to the
Empcror's. lie used it all in support of dy nastic
and imperial rule and stood between the throne
and the steadily growing demand for representa-
tive institutions. Yet he was an advocate OF
Russia for the Russians in sense In which
nobody else was or will be, and there remains
no man of any position equally capable OF pro-
noting sympathetic relations between the people
and their ruler. His death is really gain to
the cause Of progress.
Westminster Abbey was reopcned on Sunday
for the first time since the Jubilee. Dean
Bradley celebrated Saint LubboclSs Bank Holiday
BY personally conducting numerous parties of
visitors over the building and giving addresses
in the Jerusa lem Chamber the history Of the
building. London papers record the fact that
; American visitors formed large proportion OF
these audiences Nothing is said of any injury
TO the edihce from all the elaborate carpentry
Tor Jubilee purposes
Mr.. and Mrs. Chauncey M. Depew arrived In
London Saturday night after rough passage,
and have put up at their usual hotel in Clifford
6oeet. Mr.. Depew seems to be In excellent
health and spirits. He has been asked, hear,
By agitated English capitalists for his opinion
IN the new Americo-Chinese Bank, the reported
establishment Of which has futtered English
merchants who think themselves entitled to
monopoly of Chinese business. Mr. Depews In
sseduhty respecting this enterprise seems to have
soothed the sensibilties of the city. Mr. and
Mrs Depew dine tonight with the Earl and